Weekly Livestock Market Update 6/19/20

Share:

Listens: 0

Brownfield Ag News

Miscellaneous


This week in the markets – Cash cattle are down $4 this week and feeder cattle markets are steady to $7 higher. August live cattle futures are unchanged for the week and August feeder cattle are up slightly more than $1.00. The Choice/Box beef price fell $20 this week, with weakness in nearly all the components. The Choice box beef price is now equal to year-ago levels. Cash barrow and gilts are unchanged this week. The July lean hog futures contract closed more than $3.00 lower this week. The pork cutout value was down $4.10 this week, led by lower loin prices.   Slaughter – Cattle slaughter for the week is estimated at 656,000 head, that’s 0.3% below the previous week and 1.8% below year-ago levels. Hog slaughter is estimated at 2.587 million head, that’s 5.5% above week ago and 5.4% above year-ago levels. Cattle on Feed – Cattle on feed on June 1 were 0.5% below year ago levels as May feeder cattle placements came in at 98.7% of a year ago. Increased cattle placements in Colorado and Kansas helped offset lower placements in other states.Next week’s reports – Cold Storage, Hogs and Pigs, and Livestock Slaughter